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AUD/USD Technical Analysis 02.20.2013

Ilya Spivak

AUD/USD Technical Analysis- Prices are testing below support at 1.0314, the 23.6% Fibonacci retracement. A break downward aims for the 14.6% Fibat 1.0280 and the February 12 low at 1.0226. Near-term resistance is at 1.0369, the 38.2% level. A move back above that eyes rising trend line support-turned-resistance at 1.0423.

Forex_AUDUSD_Technical_Analysis_02.20.2013_body_Picture_5.png, AUD/USD Technical Analysis 02.20.2013

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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